GDS EVP Zhang Kejing Receives 12,166 ADSs

What Happened
Zhang Kejing, Executive Vice President (Sales and Service) of GDS Holdings Ltd (GDS), acquired 12,166 American Depositary Shares (ADSs) on August 3, 2026. The ADSs were received upon settlement of fully vested restricted stock units (RSUs); the reported acquisition price is $0.00 (no cash paid). Each ADS represents eight Class A ordinary shares, so the award is equivalent to 97,328 ordinary shares.

Key Details

• Transaction date: 2026-08-03; filing date: 2026-08-04 (filed promptly the next day).
• Transaction type: Other acquisition/settlement of RSUs (reported code J); acquisition price reported as $0.00.
• Shares acquired: 12,166 ADSs (equivalent to 97,328 Class A ordinary shares).
• Footnotes: F1 — 1 ADS = 8 Class A ordinary shares. F2 — ADSs settled after certification of performance conditions and satisfaction of time conditions.
• Shares owned after transaction: Not specified in the provided filing.
• No indication of a sale or open-market purchase; this was an award/settlement.

Context
This was a company-granted RSU settlement (not an open-market buy or sell). Such awards reflect compensation vesting (here, performance and time-based) rather than an insider choosing to buy or sell stock on the market, and therefore should not be interpreted alone as a bullish or bearish signal.